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  • #31,221
  • Feb 20, 2014 8:22am Feb 20, 2014 8:22am
Quoting fxFox.mb
EURAUD H1 trade today, driven by the bad step by step news on EUR currencies. +101 pips, took me a lot to resist, not to click the close button for the trade earlier. Additionally a GBPUSD H1 false trade this morning. I entered - should have known it better - on the running red candle, but this turned immediately to blue. Too small size to be meaningful for a short. -14 pips {image} {image}
you caught about 95% of that swing Fox,
great trade with a very valid divergence
If you're going through hell, keep going. Winston Churchill
  • #31,222
  • Feb 20, 2014 8:25am Feb 20, 2014 8:25am
Started this EURNZD trade on Hourly - 20 mins into H1 second colour change candle forming so might be a bit late. Seems to fit TMS criteria + Stochs oversold/crossover + pin bar HA candle suggesting reversal. Just seeing how it goes on a heavy news day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh1.png Size: 44 KB
  • #31,223
  • Feb 20, 2014 8:47am Feb 20, 2014 8:47am
FxFox. What is the setting on your HA? Mine changed color 1 candle later than yours.

This is EA where you entered.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #31,224
  • Feb 20, 2014 8:51am Feb 20, 2014 8:51am
Three trades today total +135 pip.Since Today is my normal office day faced lot of difficulties to trade Asian open & LO

EURAUD H1 + 30 PIP
EURNZD H1 +30 PIP
GBPjPY H1 +75 PIP


Thanks
Helanka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud-h1-alpari-limited.png Size: 41 KB
Click to Enlarge Name: eurnzd-h1-alpari-limited.png Size: 41 KB
Click to Enlarge Name: gbpjpy-h1-alpari-limited-2.png Size: 44 KB
Helanka
  • #31,225
  • Feb 20, 2014 8:54am Feb 20, 2014 8:54am
Quoting Direwolf
FxFox. What is the setting on your HA? Mine changed color 1 candle later than yours. This is EA where you entered. {image}
Do not think too much about that. I think that difference depend on the brokers data (FXCM), on smaller candles different data could result in slightly different candle colors.
I checked it in the FXCM MT4 plattform (left) and my TSII (right) of FXCM - both have a similar view
Attached Images
fxFox (all times in my charts are GMT+1)
  • #31,226
  • Feb 20, 2014 8:56am Feb 20, 2014 8:56am
Saw TDI bouncing down the red line, took a short trade following the down move TP is hit + 70 pips

Took another EJ trade long , TP is hit + 50 pips

I also happen to have a looser today from entering long EJ trade early morning - 21
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 242 KB
Click to Enlarge Name: ็็.jpg Size: 284 KB
Click to Enlarge Name: FO lost.jpg Size: 203 KB
I Have Learned to Take Some Losses to Make Profits
  • #31,227
  • Feb 20, 2014 9:06am Feb 20, 2014 9:06am
Quoting Imi
{quote} you caught about 95% of that swing Fox, great trade with a very valid divergence
Not at all - the move finally stoped 127 pips after the entry.
But it was hard (mental) fight for me - on this half an hour news updates over 2 hours - not to close the trade as it was about 50 pips in profit.
As it moved back from the 127 pips and approached the 100 I closed it. Too often I looked back to wonderful trades I closed with only half of the once seen theoretical profit.

Quoting Bizzzle
{quote} Well done fxfox I really look forward to your posts
Thank you Bizzzle - I like your posts too - even if I am not a friend of scrolling down to lower timeframes, after entering, because I would close the trades much more earlier, as soon as a weakening oder small retracement in PA on smaller TF will take place. I feel more familiar to trade on H1.
fxFox (all times in my charts are GMT+1)
  • #31,228
  • Feb 20, 2014 9:28am Feb 20, 2014 9:28am
Quoting fxFox.mb
{quote} Thank you Bizzzle - I like your posts too - even if I am not a friend of scrolling down to lower timeframes, after entering, because I would close the trades much more earlier, as soon as a weakening oder small retracement in PA on smaller TF will take place. I feel more familiar to trade on H1.
Just to let everyone know I don't always scroll down to a lower Timeframe to TP this exit I mainly use when there is a lot of momentum in the market and price is moving pretty fast...

I just wanted to share this tip earlier with MrAussieFX because this technique could help him stay in trades longer and gain more pips

Best of luck everyone
Give yourself a chance and trade it like it's layed out...
  • #31,229
  • Feb 20, 2014 9:30am Feb 20, 2014 9:30am
Quoting Helanka
Three trades today total +135 pip.Since Today is my normal office day faced lot of difficulties to trade Asian open & LO EURAUD H1 + 30 PIP EURNZD H1 +30 PIP GBPjPY H1 +75 PIP Thanks Helanka {image} {image} {image}
Great trading mate
Give yourself a chance and trade it like it's layed out...
  • #31,230
  • Feb 20, 2014 9:36am Feb 20, 2014 9:36am
Quoting Bizzzle
{quote} Great trading mate

Thank you bizzzle,

Helanka
Helanka
  • #31,231
  • Feb 20, 2014 9:40am Feb 20, 2014 9:40am
Quoting TheScorpS
Saw TDI bouncing down the red line, took a short trade following the down move TP is hit + 70 pips Took another EJ trade long , TP is hit + 50 pips I also happen to have a looser today from entering long EJ trade early morning - 21 {image} {image} {image}
Nice trading TheScorpS,

with your last trade seem like you went in before the candle closed?

I have done this so many time and have swear never to enter till the candle closes!!

Still some great trades well done

Ps I meant your first trade but the picture at the bottom!
Give yourself a chance and trade it like it's layed out...
  • #31,232
  • Feb 20, 2014 9:45am Feb 20, 2014 9:45am
Quoting TheScorpS
Saw TDI bouncing down the red line, took a short trade following the down move TP is hit + 70 pips Took another EJ trade long , TP is hit + 50 pips I also happen to have a looser today from entering long EJ trade early morning - 21 {image} {image} {image}
Hey TheScorps,

I was following the EURJPY this morning too, and expected either a bounce from yesterdays low and a move to the upside - as you entered, or a break down. Because of I watched EURAUD in parallel I didn't come in to EURJPY too. (On the other side, I wouldn't enter on both in parallel)

After my 100 pips from EURAUD I closed my active trading today - want to remember this in positive.
But for my personal training and documentation I followed the long trade (2nd trade - you entered), as a kind of PRCP occured. Nice trade and perhaps this will mover further. We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Setup - PRCP after long move ie after news.png Size: 81 KB
fxFox (all times in my charts are GMT+1)
  • #31,233
  • Feb 20, 2014 9:49am Feb 20, 2014 9:49am
Quoting hostwey
Started this EURNZD trade on Hourly - 20 mins into H1 second colour change candle forming so might be a bit late. Seems to fit TMS criteria + Stochs oversold/crossover + pin bar HA candle suggesting reversal. Just seeing how it goes on a heavy news day. {image}
Be careful... I don't trade this pair, there is 4 hour bearish divergence!!
Give yourself a chance and trade it like it's layed out...
  • #31,234
  • Feb 20, 2014 9:57am Feb 20, 2014 9:57am
Quoting Bizzzle
{quote} Be careful... I don't trade this pair, there is 4 hour bearish divergence!!
Just got back, closed it with £16 loss (0.10 lot). Started ranging. Its OK was on demo account

I don't trade it either. Just noticed the divergence, Yikes,
  • #31,235
  • Feb 20, 2014 11:03am Feb 20, 2014 11:03am
Quoting hostwey
{quote} Just got back, closed it with £16 loss (0.10 lot). Started ranging. Its OK was on demo account I don't trade it either. Just noticed the divergence, Yikes,
with this pair (eu/nzd) I find the use of 10ema very helpful. (yellow MA on my chart)
when you want to enter a trade against a recent swing, PA tends to bounce off the 10ema frequently
take a look at my entry yesterday , it bounced off the 10ema for 4 candles,
I waited for the one that closed above it then it started moving in my direction.
backtest it on your chart and you'll see what I mean.
this is not a TMS rule just my observation
If you're going through hell, keep going. Winston Churchill
  • #31,236
  • Feb 20, 2014 11:26am Feb 20, 2014 11:26am
Quoting Bizzzle
{quote} Nice trading TheScorpS, with your last trade seem like you went in before the candle closed? I have done this so many time and have swear never to enter till the candle closes!! Still some great trades well done Ps I meant your first trade but the picture at the bottom!
Thanks for the tip regarding entering half way through and not waiting new candle . It would have e save me a trade
I Have Learned to Take Some Losses to Make Profits
  • #31,237
  • Feb 20, 2014 12:22pm Feb 20, 2014 12:22pm
Hi to all,another trading day is over for me...still learning....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 38 KB
  • #31,238
  • Feb 20, 2014 12:28pm Feb 20, 2014 12:28pm
Quoting Imi
{quote} with this pair (eu/nzd) I find the use of 10ema very helpful. (yellow MA on my chart) when you want to enter a trade against a recent swing, PA tends to bounce off the 10ema frequently take a look at my entry yesterday , it bounced off the 10ema for 4 candles, I waited for the one that closed above it then it started moving in my direction. backtest it on your chart and you'll see what I mean. this is not a TMS rule just my observation
Thanks Imi as you can see from my little trade, the candles didn't even get above the 10 EMA!
Attached Image (click to enlarge)
Click to Enlarge Name: 00eurnzdh1.png Size: 38 KB
  • #31,239
  • Feb 20, 2014 1:12pm Feb 20, 2014 1:12pm
Quoting fxFox.mb
{quote} Hey TheScorps, I was following the EURJPY this morning too, and expected either a bounce from yesterdays low and a move to the upside - as you entered, or a break down. Because of I watched EURAUD in parallel I didn't come in to EURJPY too. (On the other side, I wouldn't enter on both in parallel) After my 100 pips from EURAUD I closed my active trading today - want to remember this in positive. But for my personal training and documentation I followed the long trade (2nd trade - you entered), as a kind of PRCP occured. Nice trade and perhaps...
Exactly PRCP, I was just scrolling PHx62 pdfs and saw the post on the best trades is taken following PRCP like Morning Star or Pullback Candle with cross of TDI and TDI coming out of overbought, just as I finished reading this , half an hour later came to trading and saw exactly the setup phx62 talked about, so entered and it worked

Also EJ has just finished ABCD pattern, where we look for buys signal confirmed by TDI which helped in this case, TP is taken slightly below 61.8 from whole move up to today down move

Since I post on both thread ie Harmonic Trading the ABCD you can look it up here http://www.forexfactory.com/showthre...07#post7294707
I Have Learned to Take Some Losses to Make Profits
  • #31,240
  • Feb 20, 2014 1:24pm Feb 20, 2014 1:24pm
Quoting TheScorpS
{quote} Thanks for the tip regarding entering half way through and not waiting new candle . It would have e save me a trade
No problem mate, I learnt the hard way!!

Done for the week see you all next week

Good luck
Give yourself a chance and trade it like it's layed out...
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